Imotobank

About the offering

We are redefining what car buying and service should feel like—responsive, transparent, and efficient. Unlike traditional dealerships, we act with urgency, offering clients live, expert consultations instead of impersonal bots or static websites. Clients trust us for our knowledge and ability to deliver exceptional outcomes by negotiating hard within the supply chain while maintaining low overhead to offer great value to our customers. Our streamlined approach not only maximizes productivity during our limited business hours but also fosters a healthier work-life balance for our team. This flexibility enables us to attract top talent, outpacing competitors who operate on outdated, exhaustive schedules. As we scale, we are transforming the industry through vertical integration. From owning finance, warranty, and technology portfolios to establishing a national footprint, our strategy brings together independent dealers and sales staff under one unified, innovative brand. By adapting technology, selling cars, fulfilling orders, and leveraging fintech services, we are positioning ourselves to lead the future of automotive sales and service. Success to Date -Imotobank began in 2008 with a backpack and $20k. -In 2023, with sales of $15 Million and 15 employees, we pioneered technology driven car sales. -We were among the first on Ebay, Youtube, Gotomeeting, Manheim simulcast, cargurus, and many more. -We tweak existing products to suit our industry. -We tested a captive automotive finance portfolio that was a very successful proof of concept and scalable. Problem Dealerships are UNLOVED, INEFFICIENT, and have HIGH OVERHEAD! We lavish love, low overhead, and efficiency on our clients. Typical physical dealerships are slow, inefficient, and unempathetic. While large scale internet-based dealerships efficiently reach clients, they are completely impersonal and their goals are not aligned with their clients. The rest of the world of cars is either static internet or “live” in a showroom. We bridge that gap by being tech enabled and consulting in real-time virtual meetings to customize the relationship needs and close deals fast. We want to share our innovations with others who are like minded. Solution We overcome the fears of buying remotely with our "special sauce." Our spot on solution is to LOVE our clients and treat them fairly. Our view is that financial success comes one client at a time. Imotobank uses technology to transparently, in real-time meet with clients, anywhere they are. We short circuit even the process of driving to a dealership. Our process removes the scheduling hassle that all families have by meeting virtually in a spirit of collaboration with our clients. We are creative, knowledgeable, fast, and efficient. We have virtually met with clients while one spouse was at home and the other was on a flight. Before landing, they had purchased a car. "Top notch service! I just purchased my second car from Imotobank and I'm thrilled with it. I wasn't sure what I wanted this time and Jordan really took his time helping me decide what would be best for me. All of the staff are very knowledgeable, kind and patient. They WILL find a great car for you, whether it be on the lot or through order (I've done both)." – Meghan Bosma, Review Our company continues to build on our repeat business and our goal is to unite others who are like minded. We are growing our individual success and creating a brand umbrella so that we have a national physical presence which would be largely and immediately accretive to our growth. Imagine a large group of like minded people stitched together to take care of any car buyer independently but backed by national standards, Fintech, and customer care. Imotobank can become that solution. If we succeed in building an alliance, we would be uniquely situated to be a dominant independent dealership network. "I had an unreal buying experience thanks to Jordan. He walked me through every step of the process and constantly kept me updated with everything going on as I was coming from another state. Couldn’t have had a better experience and was very happy to pick up a beautiful ride that I had been trying to find for a long time. The time and effort he put in to make the process efficient and as perfect as it possibly could be was remarkable." – Vincent Lupardo, Review "Grateful for the efficient and professional assistance in finding our new car. Spoke with staff who explained the process and patiently walked us through the process of selecting our car. It arrived ahead of the expected delivery time, and we are very happy with our new car. Thank you, Imotobank!" – Beth Faried, Review "This car buying experience and the customer service I received was off the charts! I have been wanting to buy a VW Beetle convertible for awhile but it needed to be in the right price range for me with good mileage and condition and it had to be a standard. Hard to find until I saw this car. I checked out the Imotobank website and reviews and decided to give them a call. I asked Philip if the car was still available and wanted to arrange a visit. I live in Maine and the car was in MA. Philip shocked me by offering to drive the car to Maine along with picking up a furniture order from the warehouse for my boyfriend and deliver both to us in Maine at 2 different locations! After talking with Philip I felt confident that this was a deal of a lifetime and had to take him up on his offer. Wait it gets even better. He called me back and told me that after checking the beetle over they felt I should have new tires and put them on ....free of charge! As I waited for the delivery of my car they called me with updates as to where they were and when they would be arriving with my vehicle and my boyfriends furniture. This whole experience has been nothing but pleasurable and I am driving my dream car with my dog! Way to go Imotobank! This is out of the box customer service and I thank your whole team. Blair who delivered my car to me was equally just as professional as Philip and even left me sunscreen in the car. Thank you all!" – Eve Young, Review Business Model We currently purchase inventory and resell it to drive new clients into our family. We also fill "orders" for any other vehicle from existing clients and by virtue of new clients who call based on the advertised inventory. Uniquely to us, when we advertise a vehicle we often sell 2, 3 or more orders based on that vehicle. This allows us to exponentially grow based on our inventory levels. We service all of those vehicles as well as retail customer’s vehicles. We are also seeking to co-brand other like minded dealers and sales people nationally which may give us an affiliated umbrella. When scaled up even by brand association we can own captive finance, warranty, and insurance products which may vertically integrate and add substantial incremental margin to each transaction. Longer term captive fintech may be exemplary of areas we choose to expand into which are scalable and difficult to enter for small independent dealerships. Our business is a stand alone which we plan to grow comfortably with more capital. The larger and more ambitious growth is planned to come from enhanced earnings which is possible through enhanced working capital. Market The market for cars is HUGE, we are simply constrained by working capital. We believe it's like Jaws, we just need a bigger boat. The ocean for fishing is ripe and we plan to manage enough fish with the correct gear. Precedence Research states that "The global used car market size was USD 1.58 trillion in 2023, estimated at USD 1.69 trillion in 2024 and is anticipated to reach around USD 3.31 trillion by 2034, expanding at a CAGR of 6.94% from 2024 to 2034." The North American market is a healthy 26% of that. Investor Invitation Investors should not miss this opportunity to join our first mover advantage. Our company has a terrific reputation. Our investor community will receive the same personal attention towards reaching their goals. You can trust that Imotobank will align our desire to succeed with our investors. As a currently profitable company with a team in place, Imotobank is ready for great success. With a successful offering, Imotobank plans to be able to scale the unique processes and methods and reach a much larger audience.

FAQ